Two reports reveal depth of financial distress from pandemic
Financial stress taking its toll due to COVID-19 pandemic, reports say
FOX 26 Consumer Reporter Heather Sullivan has some smart sense as to what some families are experiencing due to the pandemic.
HOUSTON - Two new reports reveal the financial devastation many individuals and families face from the pandemic, and could face well into the future.
Millions of Americans who used to be middle class have slipped into lower income brackets during the pandemic, according to a new report from credit counseling agency, Money Management International. What we also see is they have debt levels, and rent payments and mortgage payments that you would associate with people who are solidly middle class, explained Michelle Sloan Jones, Chief External Affairs Officer for Money Management International.